§12A-4A-502.

§12A-4A-502.
   
   CREDITOR PROCESS SERVED ON RECEIVING BANK; SETOFF BY BENEFICIARY'S
   BANK
   
   (a) As used in this section, "creditor process" means levy,
   attachment, garnishment, notice of lien, sequestration, or similar
   process issued by or on behalf of a creditor or other claimant with
   respect to an account.
   
   (b) This subsection applies to creditor process with respect to an
   authorized account of the sender of a payment order if the creditor
   process is served on the receiving bank. For the purpose of
   determining rights with respect to the creditor process, if the
   receiving bank accepts the payment order the balance in the authorized
   account is deemed to be reduced by the amount of the payment order to
   the extent the bank did not otherwise receive payment of the order,
   unless the creditor process is served at a time and in a manner
   affording the bank a reasonable opportunity to act on it before the
   bank accepts the payment order.
   
   (c) If a beneficiary's bank has received a payment order for payment
   to the beneficiary's account in the bank, the following rules apply:
   
   (1) The bank may credit the beneficiary's account. The amount credited
   may be set off against an obligation owed by the beneficiary to the
   bank or may be applied to satisfy creditor process served on the bank
   with respect to the account.
   
   (2) The bank may credit the beneficiary's account and allow withdrawal
   of the amount credited unless creditor process with respect to the
   account is served at a time and in a manner affording the bank a
   reasonable opportunity to act to prevent withdrawal.
   
   (3) If creditor process with respect to the beneficiary's account has
   been served and the bank has had a reasonable opportunity to act on
   it, the bank may not reject the payment order except for a reason
   unrelated to the service of process.
   
   (d) Creditor process with respect to a payment by the originator to
   the beneficiary pursuant to a funds transfer may be served only on the
   beneficiary's bank with respect to the debt owed by that bank to the
   beneficiary. Any other bank served with the creditor process is not
   obliged to act with respect to the process.